Our CEO and Co-Founder, Yaacov Martin, shares his expert insights on BNPL regulation in American Banker.
Read the full article here: “BankThink – BNPL regulation is urgently needed. But not all providers are the same.”
While regulation has been a long time coming, the Consumer Financial Protection Bureau’s (CFPB) inquiry late last year into five Buy Now Pay Later (BNPL) providers and their practices has put the need for regulation into the spotlight and sent the shares of Affirm and other fintechs tumbling.
While this move toward responsible financing is a necessity and has been expected for some time, the pressing question is how regulators should go about it and what affect it will have on the market and its players – on both fintech companies and regulated financial entities such as banks.
In this article, Yaacov Martin tackles all these questions and more.
